Apr 03, 2025 | Posted by Abdul-Rahman Oladimeji
Property investor GLP has closed its first digital infrastructure-focused fund in China and plans to buy a data center with the proceeds. The fund has assets under management of 2.6 billion Yuan ($358m), having raised cash from a group of institutional investors based in China and abroad.
GLP states that the fund will “acquire a fully operational, high-performance data center developed by GLP and fully leased to a leading e-commerce company.”
“GLP China IDC Income Fund I is indicative of strong investor demand for stable income streams backed by high quality real assets with the potential of long-term capital appreciation,” said Teresa Zhuge, executive vice chairman and chairman of the executive committee of GLP China.
“With our operating and investment expertise, customer access, and a track record of growth at scale, we are confident in building a competitive and differentiated data center business to capture outsized growth in the new digital economy.”
